ForecastCity

There is a possibility for a resumption of the uptrend in CMTETH

Long
BINANCE:CMTETH   None
Technical analysis:
. CYBERMILES/ETHEREUM is in an uptrend and the Continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
. While the RSI and the price uptrend in the Daily chart are not broken, Bullish wave in price would continue.

Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.00035600 to 0.00029600). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00035600)
Ending of entry zone (0.00029600)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00042900
TP2= @ 0.00048800
TP3= @ 0.00059300
TP4= @ 0.00074100
TP5= Free

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